In January-March, Seligdar revenue dropped by 12.3% YoY, to 18.83 million rubles, with gold sales revenue down by 61.7%, to 2.313 million rubles. Sales losses totaled 72.106 million rubles. This year the company fell to the gross loss of 3.62 million rubles from the gross profit of 4.25 million rubles in Q1 2018. The net…Details
Stangold LLC has started the washing season and intends to extract 60 kg of gold.
According to the company, output has remained unchanged since 2017.
Since 2011 the company has been annually developing the alluvial gold sites at the Verkhniy Sirik Brook.
Reserves are estimated at 96.8 kg of gold. (Ukrainian metal)
In January-March, TMK EBITDA grew by 9% YoY, to $175 million. According to the company statement, revenue dropped by 1%, to $12.57 billion, with gross profit up by 6%, to $235 million. Compared to Q4 2018, EBITDA fell by 2%, and revenue by 1%, while gross profit increased by 5%. As of March 31, the…Details
PJSC Magnitogorsk Iron and Steel Works’ (MMK) new hi-tech sinter plant, the second stage of which is scheduled for commissioning in the near future, is expected to add an additional c. $40 million to the company’s EBITDA per year. In addition to the increased productivity, the unit should significantly decrease MMK’s environmental impact. The news…Details
ArcelorMittal Kriviy Rih has completed modernization of the automation control system of Light Section Wire Rod Mill No. 250/150-6 in the Rolling Shop No. 3. There the company produces bar and coil rod with diameter from 5.5 up to 32 mm. The initial project price was estimated at UAH 48 million, but actual costs amounted…Details
Gold and silver prices decreased in Azerbaijan on May 20 compared to the prices of May 17. The price of gold dropped by 17.06 manats, to 2,169.9990 manats per ounce. The price of silver fell by 0.1755 manats, to 24.5466 manats per ounce. The price of platinum went down by 12.138 manats, to 1,400.0690 manats…Details
The price of one ounce of gold increased by 4.0375 manats or by 0.2% last week in Azerbaijan. The average price of one ounce of gold stood at 2,196.9814 manats. The price of one ounce of silver decreased by 0.2723 manats or by 1.1%, to 25.0384 manats. The price of one ounce of platinum dropped…Details
Russia’s second biggest lender VTB has raised the stake in Polymetal International plc to 5.15% from 0.16% as a result of a repo deal, the bank said.
The deal took place on May 14. (Prime/Ukrainian metal)
Antonov, the subsidiary of Ukroboronprom, has made amendments to the agreement with Dneprospetsstal on the purchase of metal products valued at 84.95 million UAH. In June 2015, Antonov ordered 8.9 tons of rods with the diameter of 16-140 mm made of heat-resistant stainless steel valued at 1.42 million UAH. In 4 years, the conditions of…Details
“The events at Kyzyl-Ompol were politicized. We know who is behind this,” the President of Kyrgyzstan Sooronbai Jeenbekov said at a meeting with the residents of Balykchy town. According to him, the organization of such a commotion at the time when preparations for the tourist season were underway could be assessed as malicious action aimed…Details
The Krasniy Octyabr shaped casting shop has mastered the manufacture of special steel grades. Now the shop is capable of producing such complex steel grades as 18X11MNFB-Sh, 12X18N12T, 06X15N6MVFB, etc. One of the main peculiarities of the shop operation is the use of two-slag technique, when the oxidizing and restoration periods are carried out in…Details
Alexander Brechalov, governor of the Udmurtia Republic, has visited Izhstal under its industrial tourism program. In particular, he paid a visit to the electric arc shop. In 2010 a new steel smelting complex was commissioned in the shop. The complex consists of an arc furnace with the capacity of 40 tons of liquid metal, a…Details
Russian aluminum producer RUSAL is reregistering the business in a special administrative zone in Kaliningrad, Yelena Bezdenezhnykh, vice-president for regional policies and government relations, said at the St. Petersburg International Legal Forum. “RUSAL is relocating to Kaliningrad, as you know, there is reregistration,” Bezdenezhnykh said. “In this case this is one of the good examples…Details
Metalloinvest has in advance bought a part of its bonds issued in 2013 with maturity in 2020. In order to optimize its loan portfolio, the company using its own funds has bought back bonds valued at $62.114 million. Thus, there are now bonds valued at $270.615 million with maturity in April 2020 in free float.…Details
Ukrainian Railways will soon announce new trade in scrap in the ProZorro system. “In early May, Ukrzaliznytsia announced 8 auctions in the ProZorro system. 1 auction was cancelled due to a technical error, while there were no bids on the other 7 auctions”, the company reported. Ukrzaliznytsia intends to reform the lots and announce new…Details
On May 16, 4 auctions to sell scrap via the ProZorro system, organized by Ukrzaliznytsia, did not take place. The Ukrainian Railways intended to sell 8.7 thousand tons of scrap for 50.5 million UAH, 4.5 thousand tons for 25.3 million UAH, 7 thousand tons for 44.6 million UAH and 16.2 thousand tons for 103.7 million…Details
Precious metals prices decreased in Azerbaijan on May 17 compared to the prices of May 16. The price of gold fell by 17.034 manats, to 2,187.0500 manats per ounce. The price of silver dropped by 0.4213 manats, to 24.7221 manats per ounce. The price of platinum went down by 27.302 manats, to 1,412.2070 manats per…Details
Employees of Georgian Steel LLC, created on the basis of the Rustavi Iron and Steel Works, have started striking demanding their wages to be increased and labor conditions improved. According to them, the wage level has not been changed for 12 years, with the average salary being 570 lari ($206). The strikers demand their wages…Details
The Ministry of Economic Development has granted the status of the resident of the Prokopievsk Advanced Development Zone to the Prokopievsk Casting Plant LLC. The company intends to produce cast billets of steel and pig iron for machine building, processing factories, agriculture, etc. The total cost of the project is 7 million rubles. 20 new…Details
In April, the Far Eastern Railroad transported 3.95 million tons of cargo, down by 2% YoY. In 4 months transportation decreased by 0.4%, to 16 million tons. In particular, the railroad transported 768 thousand tons of iron and manganese ore, up by 12.7%, 522 thousand tons of non-ferrous metals ore (+44%), 382 thousand tons of…Details
Karabashmed has put out of operation the last of the three 60-ton converters. They are replaced by new Kumera machinery with the capacity of 150 tons each.
Soon the old converters Nos. 2 and 3 will be disassembled.
Two new converters have already been commissioned. (Ukrainian metal)
The net profit of the Russian titanium giant VSMPO-Avisma soared by 70%, to 6.996 billion rubles in January-March, as calculated under Russian Accounting Standards (RAS), the company said. Revenue increased by 13.6%, to 20.486 billion rubles, and gross profit by 3%, to 7.289 billion rubles. The pretax profit grew by 70%, to 8.737 billion rubles.…Details
Uralmashzavod has started producing its largest excavators – EKG-35. In April the company concluded an agreement to supply two such machines to Kuzbassrazrezugol. One more excavator will be produced for an undisclosed Russian coalmining company. The first version of the excavator was produced in late 2017, and in spring 2018 it was put into operation…Details
Beloretsk Iron and Steel Works has confirmed the certificates of correspondence of its welded rebar mesh for ferroconcrete structures in the Mosstroysertifikatsia system. The use of such mesh in construction improves the quality of the structures. The experts have analyzed the mesh manufacture at BMK, checked the operation of the machinery and equipment as well…Details